Stock Broker Fraud
Our securities arbitration and litigation attorneys provide experienced, aggressive and strategic advocacy to brokerage firms, registered investment advisers and financial advisers in a wide variety of complex securities litigation and arbitration matters and other legal claims, including the following:
- Investment fraud
- Breach of fiduciary duty – Investors put their trust with a broker based on their experience and knowledge in the area of investments. Brokers and brokerage firms have a duty to deal in good faith with their clients and many jurisdictions hold that brokers owe their securities customers a heightened duty known as “fiduciary duty.” Brokers and brokerage firms can be held responsible for abusing the investor’s trust and confidence and breaching their fiduciary duties.
- Unsuitable investments – investments that don’t suit your needs or your long-term financial goals.
- Misrepresentation of information – A broker fails to give you all the information about an investment or does not disclose certain risks.
- Noncompliance with securities laws and regulations
- Churning – broker engages in excessive trading for the purpose of generating additional commissions.
- Overconcentration – failure of the broker to diversify an investor’s portfolio to provide protection against a decline in value of one particular investment.
- Overcharging of commissions of transaction fees
- Excessive use of margin
- Unauthorized trading – Broker who buys or sells securities in an investor’s account without the prior consent of the investor.